Wall Street recovers after historic falls
(Reuters) – U.S. stock markets bounced after a torrid opening on Tuesday, bargain-hunters and gains for Apple pushing the tech-heavy Nasdaq and the Dow Jones Industrial Average into positive territory after two days of heavy losses.
Tyson invests in smart-oven startup in move beyond meat market
CHICAGO (Reuters) – Tyson Foods Inc , the country’s largest meat processor, has invested in Tovala, a startup company that makes internet-connected steam ovens for ready-to-cook meals as it expands beyond its traditional markets.
Cost-cutting and higher vehicle prices lift GM margins
DETROIT (Reuters) – General Motors Co on Tuesday posted better-than-expected quarterly results as cost-cutting and higher vehicle prices offset a double-digit decline in U.S. sales volume and said it expected 2018 would be a strong year globally and i…
Allergan’s profit beats; migraine drug succeeds in key study
(Reuters) – Allergan Plc on Tuesday reported a better-than-expected quarterly profit on strong demand for Botox, and said its migraine treatment met the main goals in a late-stage study.
Bitcoin falls; half its value lost in 2018
LONDON (Reuters) – Bitcoin briefly slid below $6,000 on Tuesday to its lowest point so far this year in a sell-off that has seen the cryptocurrency lose more than half its value.
Dividend plays on slippery ground as bond yields steepen
(Reuters) – After a decade of easy-money policy that cut bond yields to almost nothing and lifted U.S. stock markets to records, companies that pay big dividends now look among the most exposed as Federal Reserve interest rate rises pull returns on gov…
Waymo may try to push Uber ex-CEO’s buttons in car secrets trial
SAN FRANCISCO (Reuters) – Uber’s ex-Chief Executive Travis Kalanick must subdue his notorious hot-headed demeanor and calmly withstand hostile questioning to appear sympathetic to jurors when he is cross-examined by Alphabet Inc’s Waymo as early as Tu…
GM profit beats estimates, margins up despite sales drop
DETROIT (Reuters) – General Motors Co on Tuesday posted quarterly results that beat analyst expectations as cost-cutting and higher vehicle prices offset a double-digit decline in U.S. sales volume, and said it expected 2018 would be a strong year glo…
Market volatility spurs some funds to look again at currency hedging
LONDON (Reuters) – A pick up in currency market volatility over the last few days after years of suppression by central banks’ easy-money policies has prompted some investors to look again at protecting against, or profiting from, sharp moves.
Dow set for third day of losses after Monday’s dive
(Reuters) – Dow futures pointed to a third straight day of losses on Tuesday, deepening a correction to the stock market’s long-running rally that saw the biggest intraday fall in history for the Dow Jones Industrial Average on Monday.
